Mr. Sean Charland reports
APEX CRITICAL METALS CORP. COMPLETES PRIVATE PLACEMENT OF FLOW-THOUGH UNITS FOR PROCEEDS OF $392,749.50
Apex Critical Metals Corp. has completed a non-brokered private placement (see the company's news release dated July 5, 2024) by issuing a total of 604,230 flow-through units at a price of 65 cents per FT unit for aggregate gross proceeds of $392,749.50. Each FT unit comprises one common share in the capital of the company issued as a flow-through share, within the meaning of the Income Tax Act (Canada), and one common share purchase warrant issued on a non-flow-through basis. Each warrant entitles the holder to receive one non-flow-through common share in the capital of the company at a price of $1 at any time before the date that is two years following the date of issuance.
The gross proceeds from the sale of the FT units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as such terms are defined in the Income Tax Act (Canada), related to the company's Cap property located in British Columbia, Canada, on or before Dec. 31, 2024. All qualifying expenditures will be renounced in favour of the subscribers effective Dec. 31, 2024.
All securities issued pursuant to the offering are subject to a statutory hold period of four months and a day from the date of issuance.
About Apex Critical Metals Corp.
Apex Critical Metals is a Canadian exploration company specializing in the acquisition and development of high-potential rare earth elements (REEs) and niobium properties.
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